2023-05-01 16:00:00
The Financial Markets Authority (AMF) recently published its proposals aimed at improving the equity savings plan (PEA), a product highly appreciated by individual investors, but which is encountering certain difficulties in its management. PEAs are now the primary concern of the AMF mediator, who can be contacted to find an amicable solution in dispute situations.
Current findings
Strong enthusiasm for the PEA
According to the Banque de France, the number of PEAs, which offer an advantageous tax regime, stood at 5.2 million at the end of 2022, for a total outstanding amount of more than 120 billion euros. This figure bears witness to the success of this savings product with French savers.
Difficulties encountered by investors
However, it is important to note that investors sometimes encounter problems in managing their PEA. These difficulties may arise from various factors such as the lack of information or transparency of certain banking establishments, or even problems related to PEA transfers between different banks.
The AMF therefore wishes to support investors by proposing several ways to improve the operation of the PEA.
AMF proposals
The Autorité des marchés financiers has issued several recommendations to improve the operation of the PEA and make life easier for investors who encounter difficulties in its management.
Facilitate PEA transfers between banks
Among the main proposals, the AMF wishes to facilitate PEA transfers between different banks by clarifying the procedures and reducing delays. This would make it easier for investors to change banking institutions if necessary, without fear of lengthy procedures or blockages.
Make bank charges more transparent
The AMF also recommends making bank tariffs more transparent with regard to the PEA. The fees associated with this savings product are not always clearly indicated, which can lead to misunderstandings and disputes.
- Better information on fees should be provided to savers before subscription to the PEA.
- Banks should set up a PEA-specific fee schedule that is easily accessible and understandable for customers.
Improve information and communication around the PEA
Finally, the AMF insists on the importance of improving information and communication around the PEA, in order to enable savers to better understand its operation and its advantages.
- The AMF’s mediator should be more easily identifiable by investors, who could thus call on him in the event of a dispute.
- Information campaigns could be conducted with savers to explain to them the characteristics and advantages of the PEA.
The equity savings plan is a very popular savings product for retail investors, but it is essential to ensure that its operation is optimal and transparent. The AMF’s proposals aim to make life easier for investors and to strengthen confidence in this attractive savings scheme.
With these improvements, the PEA should continue to attract many French savers and contribute to the financing of the national economy.
#PEA : the AMF publishes the report of the working group of the Market on the plan#epargne in #actionswhich details proposals to remedy the difficulties encountered by savers
Learn more ➡️ https://t.co/Jd2fiHOqkq#Placements pic.twitter.com/GJKOQ5GyCf– AMF (@AMF_actu) April 26, 2023
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